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ivolga24 [154]
3 years ago
10

Presto company purchased equipment and these costs were incurred: cash price $65,000 sales taxes 3,600 insurance during transit

640 installation and testing 860 total costs $70,100 presto will record the acquisition cost of the equipment as
Business
1 answer:
REY [17]3 years ago
4 0
Given:
<span>cash price $65,000
sales taxes 3,600
insurance during transit 640 i
nstallation and testing 860
total costs $70,100

Presto will record the acquisition cost of the equipment as $70,100.

Acquisition cost is the cost of buying an equipment as well as the cost paid in making sure that the equipment is in working order. A cost is recognized as a part of an acquisition cost when its absence is detrimental to the purchase of the item. </span>
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Beyond the IMS, identify and briefly describe the (exogenous) environmental factors that organizations should consider when perf
Nookie1986 [14]

Answer:

1. Environmental factors that organizations should consider are :Political, Economic, Social, Technological, Legal and Environmental factors. Example are interest rates, innovations and laws

2. Internal factors that organizations should take into account in preparing to do a SWOT analysis are strengths (S) and weaknesses (W).Examples are innovation culture, expertise and resources as well as value systems

3. Environmental factors are influencing Ford Motor Company and the rest of the automobile industry are laws (legal-environmental) , interest rates (economic), customers needs depending on geography (social)

Explanation:

The Integrated Management System (IMS) is an internal tool that the Company uses to all of its organization systems and processes into one complete framework which enables the organization to work as a single unit. It however does not tell anything about the environment in which a company operates in.

When performing an external environmental analysis, organizations should consider the PESTLE analysis which tell much about the external environment. PESTLE analysis looks into Political, Economic, Social, Technological, Legal and Environmental factors that are likely to impact an organization strategy.

The SWOT analysis provides a scan of the internal and external environment and is an important part of the strategic planning process. Environmental factors Internal to the organization are classified as strengths (S) and weaknesses (W),  and those external can be classified as opportunities (O) and threats (T).

Ford Motor Company and the rest of the automobile industry are mainly influenced by the Legal and Environmental Factors through laws set by countries to reduce carbon emissions in the fight against global warming. Other factors include the ability to innovate (Technological) and meeting the changing customer needs (Social). The profit part is always important as well in these inflationary times so they also need to set prices well (Economic).

3 0
3 years ago
What factor LEAST contributes to the success of an entrepreneur?
dlinn [17]
<h2>Family money seems to be less important</h2>

Explanation:

Creativity is important because, creative persons are successful persons

Diligence: Careful work is always expected from Entrepreneur.

Hard work: Hard work is essential for every person and not only entrepreneur.

Family money: This is the least important is the family money. You definitely need money, but there are many ways to get money say you can apply for personal loan and other corporate loans to start business.

5 0
3 years ago
The introduction of a union into an industry
Lemur [1.5K]

Answer:

Option A (Raises wages and employment in that industry)

Explanation:

A union is a group of people from a specific profession that protests/voices their opinions, concerns, and/or matters that they think are necessary for them to stay in that specific profession.

Labor unions give workers the power to negotiate for more favorable working conditions and other benefits through collective bargaining. Union members earn better wages and benefits than workers who aren't union members. On average, union workers' wages are 28 percent higher than their nonunion counterparts.

5 0
2 years ago
How will an increase in labor productivity affect equilibrium in the labor market?
IRINA_888 [86]

We can actually infer here that an increase in labor productivity will affect equilibrium in the labor market in the following way: The demand for labor will increase and the equilibrium wage and quantity of labour will increase.

<h3>What is equilibrium?</h3>

Equilibrium refers to the state whereby opposing things are balanced in order to achieve a desired outcome.

If the labor productivity is increased, it will definitely affect equilibrium in the labor market in such a way that the demand of labor will increase.

Learn more about equilibrium on brainly.com/question/517289

#SPJ11

8 0
2 years ago
A particular city has an asian population of 1419 people, out of a total population of 23,609. conduct a goodness of fit test at
lions [1.4K]
Given that a<span> particular city has an asian population of 1419 people, out of a total population of 23,609.

To conduct a goodness of fit test at the 5% level to determine if the self-reported sub-groups of asians are evenly distributed.

Since, the parameter of interest is 'if the self-reported sub-groups of asians are evenly distributed', thus the null hypothesis is "the self-reported sub-groups of asians are evenly distributed".</span>
3 0
3 years ago
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